• Ryder System average price/book ratio for 2023 was 1.41, a 10.16% increase from 2022.
• Ryder System average price/book ratio for 2022 was 1.28, a 17.95% increase from 2021.
• Ryder System average price/book ratio for 2021 was 1.56, a 71.43% decline from 2020.

Price/book ratio can be defined as